HI Acwb
I suppose its all about how we read the charts. Our opinion differ both the reference point you highlighted Nov 21 and Aug 22 made good gains afterwards.
Looking at your Nov 21 reference I think that is a bit of a stretch in the imagination for me. As far as the Aug 2022 is concerned I can see a little of what your getting at. As there were a two lower-high and three lower-lows from the 3.89 peak.
Currently from the peak of 5.66 we have had one lower-high 5.26 and two lower-low. My point is I see the last peak 4.92 as a another potential lower-high.
You have it turning upwards earlier.
Lets see how far this current retrace goes. I am not saying we are going to form a new lower-low below 3.36. All I am saying that a higher-low could form somewhere between the last A-wave of 3.36 to 4.92.
Different interpretations that all.
We shall see.
cheers Lies
HI AcwbI suppose its all about how we read the charts. Our...
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